5 Best Value Dividend Stocks Billionaires Are Crazy About

4. Bristol-Myers Squibb Company (NYSE:BMY)

Number of Billionaire Investors: 18
P/E Ratio as of December 8: 12.73

Bristol-Myers Squibb Company (NYSE:BMY) is an American pharmaceutical industry company that operates in various therapeutic areas, including oncology, immunology, cardiovascular diseases, and fibrosis. On December 6, the company announced a 5.3% hike in its quarterly dividend to $0.60 per share. This marked the company’s 18th consecutive year of dividend growth, which makes BMY one of the best dividend stocks on our list. The stock has a dividend yield of 4.54%, as of December 8.

Insider Monkey’s database of Q3 2023 showed that 65 hedge funds owned stakes in Bristol-Myers Squibb Company (NYSE:BMY), compared with 66 in the previous quarter. The consolidated value of stakes owned by these hedge funds is over $1.8 billion. D. E. Shaw and Israel Englander were some of the most prominent billionaires owning stakes in the company.

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